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Cape-Peninsula-Capital
Apr 30, 2021 9:03 PM
AstraZeneca
Long
LSE:AZN
1W
ASTRAZENECA PLC ORD USD0.25
LSE
Description
⋅
Apr 30, 2021 9:03 PM
Chart pattern:
Bull flag
Entry:
8014 (this would end the downtrend of the correction)
Stop:
6736
Target:
10985
Stopmanagement:
ATR Stops daily chart default settings
Risk:Reward-Ratio:
> 2:1
Description:
The chart is forming a bull flag with a nice corrective pattern. Target is the 1:1 Fibonacci extension of the former impuslive move. The price broke the downtrendline and the MACD is also delivering a buy-signal.
Chart Patterns
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